There seems to be more urgency on the sites works as there are more activities on site in the pass few days. The guard house and perimeter fencing are currently being constructed. I suspect they are starting to worry as LAD has commenced for some of the fellow purchasers.
Incidentally, I also received a letter from the Developer today stating that SR is nearing completion and that they had appointed a real estate agent to, and I quote "provide expert advise while assisting fellow owners to sell or lease out their apartments on the soonest basis with the highest return".
Well, let us all hope that this agent will help to stabilize and maximize the sales price and apartment rentals of SR.
General View Of The Site With External Works In Progress
View Of The Guardhouse Being Constructed
View Of The Guardhouse And Perimeter Fencing Being Constructed, Like The Stepped And Staggered Fencing Design :)
Property tax only for sales within five years of purchase
PUTRAJAYA: The real property gains tax (RPGT) announced during the 2010 Budget will now only apply to property sold less than five years from its purchase, Datuk Seri Najib Tun Razak said.
The Prime Minister said the 5% tax would now only be imposed on property sold within five years of the date of purchase.
He said the decision would cause the Government to lose about RM200mil in revenue, adding the move was made following appeals from the Federation of Chinese Associations of Malaysia (Hua Zong) and the business sector.
“This was also decided upon as the Government wants to see a stronger growth in the property sector next year. We are willing to forgo a substantial amount of revenue so that the sector can expand and grow.
“The property sector has shown signs of improvement but we feel that it requires further impetus so that it can continue to grow from strength to strength.
“We have met one of Hua Zong’s request and we hope they will respond accordingly by working even closer with the Government in the future,” he said at the swearing-in ceremony of Hua Zong’s office bearers for the 2009-2011 term at a hotel here last night.
Also present were MCA president Datuk Seri Ong Tee Keat, vice-president Datuk Seri Liow Tiong Lai and Hua Zong president Tan Sri Pheng Yin Huah.
Najib also announced that hotels undertaking additional investments to renovate, refurbish and expand their property would enjoy 60% re-investment allowance extended to 15 years, adding that the incentive was for a period of 10 years.
Najib said he also wanted to see a more active private sector, which he noted had been rather “lethargic” and had been more interested in investing abroad compared to domestically.
He also said that the country needed leaders who were moderate and pragmatic in fighting for the interest of the people.
“The Chinese can fight for the rights of the Chinese while the Malays can fight for the Malays. Likewise with other races. But it does not have to be at the expense of others,” he stressed.
Pass by the site today and snap a few photos in a rush. Buildings works are almost ready, however Tower 2 is still far behind as glazing have yet to be installed for the windows. Now they are concentrated on the external works
I wonder if fellow Tower 2 Serrians have a later Sale and Purchase Agreement (SPA) date compare to those in Tower 1. My last date for Vacant Possession is 20 December 2009!
Looks like we will be exercising Clause 26 of the SPA and claim Liquidated Damages from the developer.
Also noticed a new signboard on site put up by the developer's agent selling and renting out units.
View of Tower 1
View of Tower 2, Window Glazing Yet To Be Installed
With Both Towers Almost Completed, Works Are Now Concentrated At The Recreational Areas
A small commotion occurred on the Sierra Residency construction site yesterday: -
Friday October 9, 2009
Landslip at Kinrara construction site
By JADE CHAN
A LANDSLIP occurred along Jalan BK 4/10C in Bandar Kinrara 4, Puchong, yesterday morning but therer was no major damage.
Kinrara assemblyman Teresa Kok and her team visited the site shortly after receiving news about the incident to assess the situation.
According to Kok’s assistant and former Subang Jaya Municipal councillor Gary Chong, the landslip occurred at a construction site of some medium-cost condominium blocks, which is near some single-storey houses.
“The developer, who was excavating the drain, had dumped the soil next to some hoarding. The hoarding eventually gave way.
Minor mishap: The landslip caused earth from the construction site (left) to break the hoarding and spill over onto the lawn of a neighbouring single-storey house.
“There was some minor damage, like a collapsed gantry and damaged drain, not to mention a road and drains that are soiled with mud,” he said.
“It so happened that the incident happened in the morning when most residents were at work. Their vehicles could’ve been damaged had the landslip occurred much later.”
Chong said the Subang Jaya Municipal Council’s (MPSJ) Engineering Department had sent a team to the site and instructed the developer to rectify the situation immediately.
“The MPSJ has given the developer one day to complete the rectification work or be slapped with a summons.
“The developer has agreed to undertake the repair work,” he said.
Tower 2 Southern Wing: Those Jokers Tried To Paint The External Wall From The Master Bedroom Window. Now Let's Wait & See How They Finish The Painting The Wall
Tower 2 View From East. Painting In Progress
Tower 2: Construction Of The Lower Ground Car Park Can Be Seen
I was at MPSJ this morning and noticed that Prasarana had set up a booth to display the proposed extension and alignment of the two LRT lines, one of which would pass through Bandar Kinrara. There will be 3 proposed stations at Bandar Kinrara, at BK 2 / BK5A, at BK3 / Taman Perindustrian Kinrara and at BK9 / Taman Industri Bukit Kinrara. This is very good news indeed.
The booth will be there for 3 months until 14 December 2009 for public viewing and comments. The following were photos taken at the booth: -
The Futuristic Design Of The Proposed LRT Stations.
General View Of The Site With External Works In Progress
View Of The Guardhouse Being Constructed
View Of The Guardhouse And Perimeter Fencing Being Constructed, Like The Stepped And Staggered Fencing Design :)
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